Bi-Lo to acquire Winn-Dixie for $560 million

Winn-Dixie recently finished a $4 million renovation of one of its stores in Mobile. (Press-Register/Bill Starling)

GREENVILLE, S.C. -- The supermarket chain Winn-Dixie is being sold for $560 million to Bi-Lo, the companies said Monday, creating a large grocery operator in the South.

The combined company will have about 690 stores and 63,000 workers in eight states in the southern U.S. Winn-Dixie Stores will become a privately held subsidiary and its ticker will be removed from the Nasdaq.